Saudi Arabia’s forthcoming new megacity NEOM on the Red Sea coast has been named as the most preferred location to buy a home by the kingdom’s homeowners, first-time buyers and high-net-worth-individuals (HNWI), according to Knight Frank’s annual 2022 Saudi Residential Survey.
President Joseph R. Biden, Jr. spoke with Saudi Arabia's King Salman to discuss "regional developments and issues of mutual concern, including Iranian-enabled attacks by the Houthis against civilian targets in Saudi Arabia," the White House said in a statement.
The United States has discussed with Gulf allies including Saudi Arabia and the United Arab Emirates to hold Yemen’s Houthi group accountable after the Iranian-backed fighters attacked the UAE for the second time in a week, the White House said.
Forces of Yemen’s Saudi-backed, internationally recognized government in Yemen have reclaimed the entire southern province of Shabwa from Iran-backed Houthi rebels, the AP reports, citing officials.
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia's General Authority of Civil Aviation.
Saudi Arabia's Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia "in a merger that would form the kingdom’s largest cellular towers company," people familiar with the plans told Bloomberg.
Saudi Arabia's stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry," people familiar with the matter told Bloomberg.
![Secretary of State Antony J. Blinken meets with President Joseph R. Biden, Jr., Vice President Kamala D. Harris, National Security Advisor to the President Jake Sullivan, and National Security Advisor to the Vice President Nancy McEldowney at the U.S. Department of State in Washington, D.C., on February 4, 2021. [State Department Photo by Ron Przysucha/ Public Domain]](https://www.sustg.com/wp-content/uploads/2021/02/50908506878_5ae33ca704_k-768x512.jpg)
